U.S. Department of the Treasury

To defend Americans against cybercrime, the Obama administration has tried suing individual hackers and “naming and shaming” the countries that allegedly sponsored them. Last week the administration added a new, more powerful weapon to its arsenal: financial and trade sanctions against everyone involved. Cybersecurity is a top national priority because of the incessant attacks on computer networks and stored data by hackers around the world, many under the auspices of foreign governments. According to a recent estimate, the toll from cybercrimes in 2013 was more than $100 billion in the U.S. and roughly half a trillion dollars globally. Much of the work in Washington has...

Related "U.S. Department of the Treasury" Articles

To defend Americans against cybercrime, the Obama administration has tried suing individual hackers and “naming and shaming” the countries that allegedly sponsored them. Last week the administration added a new, more powerful weapon to its arsenal:...

AbbVie Inc. and Shire agreed to terminate what would have been the biggest U.S. tax inversion after AbbVie pulled its support for the deal in the wake of proposed changes to U.S. rules governing the transactions.
North Chicago, Ill.-based AbbVie...

The Obama administration did its part to speed the switch to more secure credit cards Friday when the president signed an executive order requiring government agencies to start switching to the next generation of cards by January. How much effect this...

Neel Kashkari wrote another seven-figure check for his gubernatorial bid Friday, according to filings with the secretary of state.
Ksahkari reported giving his campaign $1,040,000 on Friday. That's in addition to the $2.1 million he had previously put...

The board of directors of Illinois drug maker AbbVie Inc. recommended that shareholders reject the acquisition of European rival Shire, saying recent changes to U.S. tax rules eliminated some of the financial benefits of the $52-billion deal.
The...

The board of directors of Illinois drug maker AbbVie Inc. has recommended shareholders vote against the acquisition of European rival Shire, saying recent changes to U.S. tax rules eliminated some of the financial benefits of the $52-billion deal.
The...

New tax provisions designed to discourage U.S. companies from moving their headquarters to overseas tax havens may be having an effect.
Drug maker AbbVie Inc. said Wednesday that it is reconsidering its planned purchase of European rival Shire and...

Illinois drugmaker AbbVie Inc. said it would reconsider the planned purchase of European rival Shire after the Obama administration recently changed U.S. tax laws to make it less financially appealing for companies to restructure abroad.
The...

Salix Pharmaceuticals called off its merger with a foreign drug maker Friday, citing the political backlash against tax inversion deals.
The deals—in which a company reincorporates abroad to gain lower taxes—drew fire this summer after several...

As the first few customers trickled into downtown Los Angeles' fashion district, two stern-looking men in suits carrying leather portfolios strolled into John Hong's wholesale store, which sells women's skinny jeans. The men, who were federal agents,...

Federal authorities cracking down on suspected money laundering linked to Mexican drug cartels said they warned about 2,000 businesses in the downtown Los Angeles fashion district Thursday that they must follow stricter rules on reporting cash...

Obama administration officials freely admit that their new effort to deter corporate inversions -- a form of accounting fiction U.S. corporations are increasingly using to avoid taxes on income they earn in foreign countries -- won't actually stop the...

The Obama administration's tougher rules on offshore corporate inversions had an immediate effect Tuesday, pushing down the stock prices of companies considering such moves.
But the highly technical changes to the tax code did not appear to go far enough...

With Congress unable to agree on legislation to stem a surge of offshore corporate moves, the Obama administration took executive action Monday to discourage companies from shifting their headquarters abroad to reduce their U.S. tax bills.
The steps —...

The Obama administration on Monday announced long-awaited executive actions to try to discourage companies from reincorporating abroad to reduce their U.S. taxes.
The steps -- technical revisions to the tax code -- will "meaningfully reduce the...

ExxonMobil has halted drilling on its platform in the Kara Sea and begun shutting down its $700-million joint venture with Russia's Rosneft energy giant to comply with U.S. sanctions that take effect next week, energy industry sources reported Friday.
...

To the editor: Bill Clinton's high approval ratings prove that Americans have very short memories or are ignorant of the facts. ("How Bill Clinton, improbably, became America's favorite politician," Sept. 10)
His administration is largely...

Gov. Jerry Brown and his Republican challenger, Neel Kashkari, offered clashing visions of California and open disdain for one another Thursday night in a testy, fast-paced debate that sharpened the contrasts between the two rivals on a wide gamut of...

Former House Majority Leader Eric Cantor became the latest politician to move to Wall Street, taking a high-paying job at investment bank Moelis & Co. and boosting the profile of the boutique firm founded in Century City.
Cantor, 51, who resigned...